Abstract: In investigating fiscal performance in Kenya for the period 1985 to 2017, we find that, in the long run, openness to the economy, GDP per capita growth, total debt service, and Treasury bill rate do not affect the fiscal deficit. However, openness has an effect, while investment was negative and insignificant in determining fiscal deficit. The results also indicated that variance in fiscal deficit was mostly attributed to shock in total debt service and openness to the economy and least by Treasury bill rate.
Title: FISCAL PERFORMANCE IN KENYA: A THREE-GAP ANALYSIS
Author: Stella Chebiwott, Antony Mwangangi
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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